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Real Estate News Releases
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(EMAILWIRE.COM, April 14, 2010 ) Detroit, MI -- On April 20, 2010, Mr. Ed King MBA, CPA and Director of Small Business Services at Wayne State University for the last 30 years will be presenting a webinar, “How to Run a Profitable Real Estate Business During a Recession.” He will be talking about many of the strategies he learned while consulting with Fortune 500 companies and how to apply those strategies to the real estate business.
He will discuss the 10 most common problems in running a real estate business and their solutions. Mr. King will provide many tax tips including how to pay for your childrenÂ’s college education, automobile, and weddings in before-tax dollars.
What does it cost to go to college?
Tuition and Fees
These are the costs of your education. They may vary based on your academic program and number of credit hours. Estimate: $7,000 a year.
Room and Board
These costs are billed by the college, if you live and take meals on campus. The charges will vary depending on the room and meal plan you choose. Estimate: $6,500
Books and Supplies
This expense covers your course materials. The national average at four-year public colleges in 2009-10 is $1,000.
Personal Expenses
The costs for things like laundry and telephone fall under personal expenses. Keep careful track of these as they can quickly build up. The national average for four-year public colleges (on-campus students) in 2009-10 is $2,000.
Travel
Travel is usually not added to the budget, unless you live more than a few hundred miles away from campus. However, the national average for four-year public colleges in 2009-10 is $1,000.
Total
This adds up to $17,500 per year. Obviously, it gets even more expensive if you several children. Assuming you are in the 30% tax bracket you would have to earn $25,000 in before-tax dollars to pay for just one year of college.
Wedding
The average American wedding costs almost $29,000, according to The Wedding Report, a market research publication. That money could buy a nice new car or be a 20% down payment on a $145,000 home. ItÂ’s also more than many Americans earn in a year. Your cost in before-tax dollars: $41,500 (assuming a 30% tax bracket.)
Mr. King says, “Why not just do one small thing and pay for these items in before-tax dollars and at a much lower tax rate than yours?” He will show you how. He says, “It is simple once you know the facts.”
He will also discuss:
• How an LLC can cost you an additional $4,500 a year in federal taxes.
• An easy way to get around the $25,000 passive loss limitation.
• How to dramatically increase the amount of depreciation you can take on your home, if you decide to rent it out.
• How to write off land and fully depreciated assets on your tax return.
• And, much, much more.
Mr. King will be interviewed by Mark Maupin, one of the leading real estate gurus in the Detroit area. If youÂ’d like to listen to this free webinar, register at http://megaeveningevent.com/real-estate-event-details.php?id=284
Contact:
Mark Maupin
248-939-6232
This press release was submitted by Right Now Marketing Group, LLC
National Real Estate Network, LLC
Mark Maupin
248-939-6232
maupin.mark@gmail.com 
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